When Buying the dip I often ask myself the following 4 questions:
1. Has there been a fundamental change--negatively, in the underlying asset?
2. Has the price sold off to an area of support?
3. Do you have the cash to prudently accumulate more?
If I can answer No, Yes, Yes then I can safely buy the dip.
"History dosent repeat itself but it often rhymes."
-Mark Twain
BTC 100K is a matter of when, not if as the price action seems to be taking a breather after the Trump Rally sparked a 30% run.
We are now sitting at the crux of a typical Ascending Triangle awaiting lift off.
Patience...
A crucial day for #BTCUSD as the sell-off intensifies. Ive been watching $62,750 - $61,750 as a strong level of support for the past few months and I believe Bulls MUST close todays candle either within or above this range to remain in control.
Halving expected later this week...
Since its all time high of USD 69,000 in November 2021 Bitcon has lost nearly 55% of its value, cooling off from a tremendous Bull run that lasted nearly 2 years from November 2019 in which cryptos favorite coin rallied +800%.
Strong rallies to all time highs are not uncommon in this space and within this name. From August 2016 to Dec 2017 Bitcoin rallied an eye...
Allstate Corp. has been on a tear over the past month breaking out of the $127 level and taking the express lane up 15% for the month of March. However the next road block will require alot more strength to move throgh as this will be the 3rd time in a little over a year that we attempt to break through the $140 level.
If the Relative Strength Index has anything...
Biggest issues facing Skillz Inc. as of today:
1. Valuation
With a current valuation around $8B on TTM revenues of $230M, the Price/Sales multiple rests at 32, which for context is higher than any company currently indexed the S&P 500 as well as within the Nasdaq 100. Simply put this company in relation to its revenue is E X P E N S I V E, but can it be...
